Home Exclusives
Exclusives
The bioenergy investor is also believed to be in talks regarding investments in projects recently backed by the UK’s CfD regime.
A subsidiary of Texas-based Quanta Services, the debut vehicle also has $2bn in non-discretionary co-investment capital.
The Japanese investment manager has also secured an overseas infrastructure mandate from Chikyoren, one of the biggest pensions in Japan.
The UK firm is looking for co-investment partners with an infrastructure background to target derisked production assets in Australia and New Zealand.
The Singapore fund manager has rejected a pre-emptive $4.2bn offer for the portfolio which spans the Asia-Pacific region.
The milestone for Fund IV, which targets a gross IRR of 11%, comes after the manager teamed up with HICL and NPS to buy the concession for the UK’s HS1 rail link.
A Danish infrastructure fund and a Saudi contractor have expressed interest in UK offshore transmission projects, which are also being eyed by institutional debt providers.
The existing LP will buy the fund from the Dutch manager, helping it return a net IRR of more than 10% to investors.
New all-senior debt package replaces costly €300m mezzanine facility.
Almost triple the size of its predecessor, the vehicle will look to invest across OECD markets and seek net returns of between 9% and 10%.